Great Lakes shipping industry keeping wary eye on Trump tariffs

Great Lakes shipping industry keeping wary eye on Trump tariffs
David Patch | March 10, 2018

Imported aluminum and steel represent a tiny share of the cargo handled through the Port of Toledo docks if only weight is considered.

But in terms of cargo value and economic activity, the two metals’ importance far exceeds their weight, which made Joe Cappel, the Toledo-Lucas County Port Authority’s vice president for business development, nervous when President Trump announced across-the-board tariffs of 25 percent on foreign steel and 10 percent on foreign aluminum last week.

That was relieved somewhat Thursday when the President said Canadian and Mexican products would be exempted for the time being, although he held out the possibility they too could be involved if attempts to renegotiate the North American Free Trade Agreement dissatisfy him.

more...https://www.toledoblade.com/business/2018/03/10/Great-Lakes-shipping-ind...